USDC Treasury Executes Cross-Chain Asset Migration on Ethereum and Solana

According to PANews, Whale Alert has reported that USDC Treasury conducted a significant cross-chain asset migration on June 17. At 12:41 and 12:42 UTC+8, USDC Treasury minted 69,801,539 USDC tokens on the Ethereum blockchain, valued at approximately $69.78 million. Simultaneously, an equivalent amount of USDC was destroyed on the Solana blockchain. This operation indicates a standard procedure for transferring assets between different blockchain networks.